MATIC SHALL WE?

Jun 27, 2023

Well looks like Matic is about to break the trend line very well

wait for the good break on the 1hr chart or 2hr chart, a retracement on 1hr or 30min chart and then we can long

Sl - 0.647

Tp 1 - 0.7
Tp 2 -0.78
tp 3 - 0.89

Jun 27, 2023

Note

Here is the trade
You can see we have two Stop losses for volatility reasons

Jun 27, 2023

Note

Patience

Jun 28, 2023

Trade closed: stop reached

Why the trade didn't go according to plan

firstly, altcoins are in trouble because of the BTC dominance
2. I didn't realize it on time because it was a fake breakout.

notes on breakouts, always make sure it is a good and long break, not a short candle break
also, use higher time frames like 2hrs and 4hrs.

Despite knowing this why did I enter the trade; I did cos BTC was also making a break and I expected a rally also so would I enter the trade again if i were in the same situation

yes and no

Yes because depends on BTC and BTC.d
No, because a good break out brings confidence in the trade to reach the target